Civic Intelligence

Himalayan Cataract Project Inc

EIN 03-0362926 • 501(c)3 • Norwich, VT

Profile

The himalayan cataract project works towards the eradication of preventable and treatable blindness through high-quality ophthalmic care, education and the establishment of a world-class eye care infrastructure.

PO Box 863Norwich, VT 05055

www.cureblindness.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.05x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

0.06x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$345,552

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

93rd percentile

43%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

343%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$40,557,042

Up $12,112,700 (+43%) from 2023

Liabilities

Down

$1,877,174

Down $295,195 (-14%) from 2023

Net Assets

Up

$38,679,868

Up $12,407,895 (+47%) from 2023

Operations
Liabilities / Revenue14th percentileNet Margin85th percentile

Revenue

Up

$32,225,235

Up $24,949,363 (+343%) from 2023

Expenses

Up

$20,265,872

Up $6,130,997 (+43%) from 2023

Net Income

Up

$11,959,363

Up $18,818,366 (+274%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $7,930,510Liabilities 2010: $144,688Net Assets 2010: $7,785,8222010Assets 2011: $7,584,210Liabilities 2011: $255,442Net Assets 2011: $7,328,7682011Assets 2012: $7,868,584Liabilities 2012: $386,552Net Assets 2012: $7,482,0322012Assets 2013: $7,766,505Liabilities 2013: $232,224Net Assets 2013: $7,534,2812013Assets 2014: $8,170,333Liabilities 2014: $383,347Net Assets 2014: $7,786,9862014Assets 2015: $9,045,828Liabilities 2015: $207,894Net Assets 2015: $8,837,9342015Assets 2016: $9,593,732Liabilities 2016: $768,985Net Assets 2016: $8,824,7472016Assets 2017: $11,432,346Liabilities 2017: $689,445Net Assets 2017: $10,742,9012017Assets 2018: $12,044,888Liabilities 2018: $637,743Net Assets 2018: $11,407,1452018Assets 2019: $11,814,583Liabilities 2019: $1,287,434Net Assets 2019: $10,527,1492019Assets 2020: $14,932,587Liabilities 2020: $800,507Net Assets 2020: $14,132,0802020Assets 2021: $19,394,847Liabilities 2021: $855,259Net Assets 2021: $18,539,5882021Assets 2022: $34,164,209Liabilities 2022: $1,784,678Net Assets 2022: $32,379,5312022Assets 2023: $28,444,342Liabilities 2023: $2,172,369Net Assets 2023: $26,271,9732023Assets 2024: $40,557,042Liabilities 2024: $1,877,174Net Assets 2024: $38,679,8682024

Highlighted filing

2024

Assets$40,557,042
Liabilities$1,877,174
Net Assets$38,679,868
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $3,241,8372010Expenses 2011: $4,524,6622011Expenses 2012: $3,842,8762012Revenue 2013: $4,798,157Expenses 2013: $4,905,479Net Income 2013: -$107,3222013Revenue 2014: $5,143,369Expenses 2014: $5,065,934Net Income 2014: $77,4352014Revenue 2015: $7,927,655Expenses 2015: $6,533,721Net Income 2015: $1,393,9342015Revenue 2016: $6,366,965Expenses 2016: $6,599,162Net Income 2016: -$232,1972016Revenue 2017: $9,676,897Expenses 2017: $8,217,708Net Income 2017: $1,459,1892017Revenue 2018: $12,009,506Expenses 2018: $9,978,499Net Income 2018: $2,031,0072018Revenue 2019: $10,311,281Expenses 2019: $11,934,930Net Income 2019: -$1,623,6492019Revenue 2020: $10,236,654Expenses 2020: $6,850,989Net Income 2020: $3,385,6652020Revenue 2021: $12,691,566Expenses 2021: $8,680,654Net Income 2021: $4,010,9122021Revenue 2022: $31,601,549Expenses 2022: $12,153,584Net Income 2022: $19,447,9652022Revenue 2023: $7,275,872Expenses 2023: $14,134,875Net Income 2023: -$6,859,0032023Revenue 2024: $32,225,235Expenses 2024: $20,265,872Net Income 2024: $11,959,3632024

Highlighted filing

2024

Revenue$32,225,235
Expenses$20,265,872
Net Income$11,959,363
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$40,557,042
Liabilities
$1,877,174
Net assets
$38,679,868
Revenue
$32,225,235
Expenses
$20,265,872
Net income
$11,959,363
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$1.88$38.7$32.2$20.3$12.0
2023Detailed filing. Detailed filing data is available for this year.$28.4$2.17$26.3$7.28$14.1$6.86
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$1.78$32.4$31.6$12.2$19.4
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.4$0.86$18.5$12.7$8.68$4.01
2020Detailed filing. Detailed filing data is available for this year.$14.9$0.80$14.1$10.2$6.85$3.39
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$1.29$10.5$10.3$11.9$1.62
2018Detailed filing. Detailed filing data is available for this year.$12.0$0.64$11.4$12.0$9.98$2.03
2017Detailed filing. Detailed filing data is available for this year.$11.4$0.69$10.7$9.68$8.22$1.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.59$0.77$8.82$6.37$6.60$0.23
2015Detailed filing. Detailed filing data is available for this year.$9.05$0.21$8.84$7.93$6.53$1.39
2014Detailed filing. Detailed filing data is available for this year.$8.17$0.38$7.79$5.14$5.07$0.08
2013Detailed filing. Detailed filing data is available for this year.$7.77$0.23$7.53$4.80$4.91$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.87$0.39$7.48$3.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.58$0.26$7.33$4.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.93$0.14$7.79$3.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$65,706,602
Mission and Program Overview

Mission

Our mission is to cure needless blindness with high-quality, cost-effective eye care in underserved areas of the world.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,687,601$19,545,390▲ $9,857,789
Savings and Temporary Cash Investments$11,866,673$11,757,713▼ $108,960
Land, Buildings, and Equipment, Net$2,935,867$3,999,813▲ $1,063,946
Inventories for Sale or Use$2,366,688$2,928,055▲ $561,367
Pledges and Grants Receivable$825,234$642,207▼ $183,027
Prepaid Expenses and Deferred Charges$241,748$170,572▼ $71,176
Total Assets$28,444,342$40,557,042▲ $12,112,700
Other Assets Total$520,531$1,513,292▲ $992,761
Liabilities
Accounts Payable and Accrued Expenses$1,474,097$1,276,675▼ $197,422
Other Liabilities$698,272$600,499▼ $97,773
Total Liabilities$2,172,369$1,877,174▼ $295,195
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,059,257$36,744,737▲ $12,685,480
Net Assets With Donor Restrictions$2,212,716$1,935,131▼ $277,585
Total Net Assets Fund Balance$26,271,973$38,679,868▲ $12,407,895
Total Liabilities and Net Assets / Fund Balance$28,444,342$40,557,042▲ $12,112,700

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,880,405-$3,880,405
Equipment$85,315$73,483$158,798
Other Land Buildings$34,093$10,760$44,853
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine OverbeyChief Executive OfficerFT$300,258$45,294$345,552
Emily R NewickChief Operating OfficerFT$211,729$33,578$245,307
Jeff WallaceChief Marketing OfficerFT$189,553$32,865$222,418
Ruth BolanChief Development OfficerFT$184,113$34,870$218,983
Josie NoahChief Program OfficerFT$185,113$17,024$202,137
Jeff LivelyGeneral CounselFT$185,574$9,892$195,466
Jackton DownardVice President, FinanceFT$152,097$31,568$183,665
Pamela ClappAssociate Vice President,FT$122,285$30,242$152,527
Jeff DorettiVice President, Global TalFT$136,951$15,081$152,032
Andrea CallisDirector Corp & Foundation EngagementFT$129,895$14,060$143,955
Patrick EmeryAvp, AsiaFT$128,728$14,008$142,736
Karla KlotzFinancial ControllerFT$116,557$20,932$137,489

Board Members and Trustees

NameTitle
Matthew Oliva MdChair (from 2/24)
Geoffrey Tabin MdChair Emeritus (from 2/24)
Menghis Bairu MdBoard Mbr Then Vice Chair (from 2/24)
Dimitri Azar Md MbaBoard Member
Farran Tozer Brown MbaBoard Member
Jeffrey Goldberg MdBoard Member
Jessica FeilmeierBoard Member
Robert Wolcott PhdBoard Member
Stewart Halpern MppmBoard Member
Chris HolzshuBoard Member (from 11/24)
Kal Mentak PhdBoard Member (until 10/24)
Guy Kezirian Md Mba FacsBoard Member (until 6/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Raas Architects PlcConstruction Management Consulting ServiGABON STREET, Addis Ababa, Et$105,795
Bamacon Engineering PlcConstruction FirmAFRICA AVENUE, Addis Ababa, Et$101,475
Revenue and Support

Revenue Composition

Contributions and Grants
$29,516,017
Program Service Revenue
$0
Investment Income
$2,666,259
Other Revenue
$42,959
All Other Contributions
$29,376,194
Change in Net Assets
$11,959,363

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded10$20,743,629Fair Market Value (FMV)
Other Non Cash Contri Table5$70,793Fair Market Value (FMV)
Total Noncash Contributions15$20,814,422-

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,174,711
Revenue Not Reported on Financial Statements
$50,524
Revenue Not Reported on Form 990
$677,685
Total Revenue per Audited Statements
$32,852,396
Total Revenue per Form 990
$32,225,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,375,110
Salaries, Compensation, and Employee Benefits$6,043,687
Other Expenses$2,847,075
Total Fundraising Expense$1,191,810
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$10,291,033--$10,291,033
Other Salaries and Wages$1,987,639$1,056,756$494,406$3,538,801
Current Officers, Directors, Trustees, and Key Employees$520,679$854,171$238,678$1,613,528
Grants to Domestic Orgs$1,084,077--$1,084,077
Fees for Services Other$515,528$227,193$88,364$831,085
Other Employee Benefits$266,094$134,005$59,989$460,088
Travel$371,193$46,042$17,907$435,142
Payroll Taxes$149,771$109,802$42,706$302,279
Information Technology$106,965$77,859$30,283$215,107
Occupancy$83,750$50,301$23,421$157,472
Conferences and Meetings$49,364$103,488-$152,852
Office Expenses$16,187$32,506$83,276$131,969
Pension Plan Contributions$70,314$40,604$18,073$128,991
Fees for Services Accounting$2,340$69,015-$71,355
Advertising$2,000-$67,059$69,059
Fees for Services Legal$42,867$19,443-$62,310
All Other Expenses$16,982$29,712$11,702$58,396
Fees for Service Investment Mgmnt Fees-$50,524-$50,524
Insurance$18,719$19,198$7,467$45,384
Other Expenses$2,070$15,812$8,225$17,882
Depreciation Depletion$15,313$748$254$16,315
Total Functional Expenses$16,115,735$2,958,327$1,191,810$20,265,872

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$20,444,501
Total Expenses per Form 990$20,265,872
Expenses per Audited Statements$20,215,348
Expenses Not Reported on Form 990$229,153
Expenses Not Reported on Financial Statements$50,524
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Serge Global IncJenkintown, PA501(c)(3)Sub-award$392,173
Helen Keller InternationalNew York, NY501(c)(3)Sub-award$346,560
The Carter Center IncAtlanta, GA501(c)(3)Sub-award$210,000
Seva FoundationBerkeley, CA501(c)(3)Sub-award$46,188
Sight for SoulsBellevue, WA501(c)(3)Sub-award$28,985
Lions World Vision Institute IncTampa, FL501(c)(3)Sub-award$23,771
Safe Surgery Initiative IncBuckeye, AZ501(c)(3)Sirt Training Fee/equipment Shipping Fee/training Equipment Kits$20,000
See InternationalSanta Barbara, CA501(c)(3)Sub-award$16,400

International Summary

Offices
2
Employees
38
Spending
$12,021,328

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaGrants to Recipients Located in Region-00$4,945,201
South AsiaGrants to Recipients Located in Region-00$4,939,835
Sub-saharan AfricaOperating & Administrative Expenses-00$1,305,518
East AsiaGrants to Recipients Located in Region-00$203,141
Sub-saharan AfricaProgram ServicesPartner Logistics and Management223$182,891
South AsiaOperating & Administrative Expenses-013$161,501
South AmericaGrants to Recipients Located in Region-00$157,400
EuropeOperating & Administrative Expenses-02$80,350
North AmericaGrants to Recipients Located in Region-00$36,495
Middle EastGrants to Recipients Located in Region-00$8,961
South AmericaOperating & Administrative Expenses-00$35
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$548,759
Lease Liability$51,740
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Board member dr. Jeff goldberg serves as chair of ophthalmology and director of the byers eye institute at stanford university, and board member dr. Geoff tabin is a professor of ophthalmology and global medicine at the byers eye institute at stanford university.”

Form 990, Part VI, Section B, Line 11B

“The form 990 was prepared by the outside accountants and reviewed by senior management. The form was then circulated to the full board for review and approval prior to finalizing and filing.”

Form 990, Part VI, Section B, Line 12C

“Interested persons review and sign the conflict of interest policy annually. In connection with any actual or possible conflict of interest, an interested person discloses the existence of the financial interest and is given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she leaves the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

Form 990, Part VI, Section B, Line 15A

“The board approved ceo compensation for fy24 in november 2023 with passage of annual budget, with a subsequent adjustment made in july 2024 following a midyear review. Pursuant to the organization's compensation policy for officers, directors, and key employees, the board of directors, utilizes comparability information in its review and approval of ceo compensation.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Himalayan Cataract Project Inc
EIN
03-0362926
Phone
8025227630
Address
PO BOX 863, NORWICH, VT 05055
Doing Business As
Cure Blindness Project

Signing Officer

Name
Emily Newick
Title
COO
Phone
8025227630
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine G Overbey
Formed
1999
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
40
Volunteers
40

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Raw XML AppendixShowing 400 of 1,333 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0SEE PART III, LINE 1.
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IRS990/Desc0ETHIOPIA: CURE BLINDNESS PROJECT SUPPORTS OVER 25 PARTNERS IN ETHIOPIA WITH CAPACITY BUILDING FOR OPHTHALMOLOGISTS, RESIDENTS AND ALLIED OPHTHALMIC PERSONNEL, SUPPORT FOR PATIENT CARE ADMINISTERING MORE THAN 35,0000 CATARACT SURGERIES AND OVER 2,500 OTHER EYE SURGERIES, PROVISION OF EQUIPMENT, SURGICAL INSTRUMENTS AND CONSUMABLES TO PROVIDE PATIENT CARE AND INVESTMENT IN PRIMARY EYE CARE TO ENSURE PREVENTION AND EARLY INTERVENTION OF BLINDNESS. ADDITIONALLY, CURE BLINDNESS PROJECT CONTINUES TO PLAN FOR, CREATE, CONSTRUCT, AND OPERATIONALIZE A FULLY INDEPENDENT SPECIALTY EYE CARE CLINIC IN ETHIOPIA.
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IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF PROGRAM OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT, FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASSOCIATE VICE PRESIDENT,
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDENT, GLOBAL TAL
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIR. CORP & FOUNDATION ENGAGEMENT
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IRS990/MissionDesc0WE ENABLE COUNTRIES TO CURE AVOIDABLE BLINDNESS BY DEVELOPING HIGH QUALITY, COST-EFFECTIVE EYE CARE IN UNDERSERVED AREAS OF THE WORLD.
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